A diary of the thought process behind my investment decisions
Poor Earnings and Euro Stress
There were some poor earnings reports before the bell from industrial companies and some sovereign spreads are widening after beginning the day tighter. I believe that the EU has the tools to deal with this now so I believe the downside is limited. That said, we are stretched in the short term and the combination of bad earnings and sovereign spreads widening could give the market an excuse to correct a bit.